Daniel Purjes Reveals The Pros And Cons Of Solar Technology

Daniel Purjes loves solar technology. So much so, in fact, that he is currently in the final round for an application for a fund in NYC, supported by Wall Street investors such as Mctague and Barrons, to create new arrays. He is top of the list and his main idea has already been featured in the New York Times, who report on the story that his asset could make for a very interesting investment for people in Rockwood and beyond. He is now top of the list for the fund, and this has required him to take another in-depth look at what the pros and cons of solar technology are.

Daniel Purjes on the Pros of Solar Technology

  1. It is a renewable source of energy. The sun has plenty of energy to sustain us for another five billion years or so. Additionally, it is available all over the world.
  2. It lowers electricity bills and can even eliminate them altogether. It enables people to produce their own energy, rather than having to buy it off the grid. Some even produce more than they need, which can be sold back to the grid.
  3. It has lots of different applications, which is what Purjes is particularly interested in. It enables remote locations to use electricity for essential things such as having clean water, creating smart homes, and more.
  4. The maintenance costs of solar arrays are very low. They require very little maintenance other than the occasional cleaning, which is why they tend to come with a 25 year warranty for domestic users. The inverter may need changing every decade, but that is very affordable.
  5. It is a fantastic advancement in technology and new technological developments focus quite strongly on being powered by solar technology.

Daniel Purjes on the Cons of Solar Technology

  1. The initial investment is very high. He hopes that his new project can address this, however. Additionally, incentives exist to help people make the original purchased.
  2. Solar energy is highly dependent on the weather. In areas with limited sunshine because of being to northern, or because of regular rain clouds, the energy production will be substantially lower.
  3. Storing solar energy is incredibly expensive. People who do not have the option of selling their energy back to the grid will find that energy may be wasted, to the detriment of their technology such as the inverter, simply because it cannot be stored.
  4. Solar arrays take up a lot of space. Again, this is something Purjes hopes to address with his new project. At present, however, a full roof of panels is generally required to power a home.
  5. There continues to be a pollution problem, mainly because producing the panels and transporting them requires trucks and other forms of non-sustainable energy. That said, the more people switch to electricity, and the more this electricity is created by solar panels, the greener the technology will become.